Ann: June Quarterly Activities Report and Appendix 4C, page-180

Don't forget though, the only reason we are at 199 active merchants is because they can't get into stores yet to give training and activate the other 1068 merchants they have onboarded it would bring your ration down to 0.6:1

Regardless of how we want to move the numbers around, the fact is the hard launch is done and we now have first figures. I was extremely surprised by the TTV of 1.6 million for July. I was not expecting that much already, especially off such a low base of consumers and the NTR of $142,508 is amazing. There is so much to like in this first report.

If they onboard the 500 merchants a week they are targeting, consumer app downloads will hugely increase as the opportunity to use IOU spreads further into the Malaysina economy. Add on top of that all the consolidation going on in the market over there, the ventures with Razer and iPay88 and we are sitting pretty in the middle of it all with a $51 million dollar war chest to help fund all this initial BNPL launch. It's all very exciting